Price for Vegetables, Brassica; Brussel Sprouts, Fresh or Chilled in the United States - 2023

Contents:

1. Price for Vegetables, Brassica; Brussel Sprouts, Fresh or Chilled in the United States (CIF) - 2023
2. Price for Vegetables, Brassica; Brussel Sprouts, Fresh or Chilled in the United States (FOB) - 2023
3. Imports of Vegetables, Brassica; Brussel Sprouts, Fresh or Chilled in the United States
4. Exports of Vegetables, Brassica; Brussel Sprouts, Fresh or Chilled in the United States

Price for Vegetables, Brassica; Brussel Sprouts, Fresh or Chilled in the United States (CIF) - 2023

In December 2023, the average import price for vegetables, brassica; brussel sprouts, fresh or chilleds amounted to $2,412 per ton, which is down by -6.1% against the previous month. Over the period under review, the import price, however, enjoyed modest growth. The pace of growth appeared the most rapid in August 2023 when the average import price increased by 81% month-to-month. Over the period under review, average import prices hit record highs at $2,855 per ton in October 2023; however, from November 2023 to December 2023, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In December 2023, the country with the highest price was Guatemala ($2,923 per ton), while the price for Mexico amounted to $2,301 per ton.

From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by Mexico (+1.6%).

Price for Vegetables, Brassica; Brussel Sprouts, Fresh or Chilled in the United States (FOB) - 2023

The average export price for vegetables, brassica; brussel sprouts, fresh or chilleds stood at $1,628 per ton in December 2023, which is down by -8.1% against the previous month. Over the period from December 2022 to December 2023, it increased at an average monthly rate of +1.3%. The most prominent rate of growth was recorded in February 2023 an increase of 30% m-o-m. As a result, the export price attained the peak level of $1,797 per ton. From March 2023 to December 2023, the the average export prices remained at a lower figure.

Average prices varied noticeably for the major overseas markets. In December 2023, the country with the highest price was Mexico ($1,871 per ton), while the average price for exports to Canada amounted to $1,528 per ton.

From December 2022 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to Mexico (+3.0%).

Imports of Vegetables, Brassica; Brussel Sprouts, Fresh or Chilled in the United States

In 2022, the amount of vegetables, brassica; brussel sprouts, fresh or chilleds imported into the United States reached 75K tons, remaining stable against the previous year. The total import volume increased at an average annual rate of +12.5% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2020 when imports increased by 27%. Over the period under review, imports of attained the peak figure in 2022 and are expected to retain growth in the near future.

In value terms, imports of vegetables, brassica; brussel sprouts, fresh or chilleds stood at $102M in 2022. The total import value increased at an average annual rate of +13.7% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 with an increase of 20%. Over the period under review, imports of attained the maximum in 2022 and are likely to see gradual growth in the near future.

Top Suppliers of Vegetables, Brassica; Brussel Sprouts, Fresh or Chilled to the United States in 2022:

1. Mexico (71.9K tons)
2. Guatemala (1.7K tons)
3. Canada (1.1K tons)

Exports of Vegetables, Brassica; Brussel Sprouts, Fresh or Chilled in the United States

For the fourth consecutive year, the United States recorded growth in overseas shipments of vegetables, brassica; brussel sprouts, fresh or chilleds, which increased by 27% to 27K tons in 2022. In general, total exports indicated a significant expansion from 2019 to 2022: its volume increased at an average annual rate of +22.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +81.6% against 2019 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, exports of vegetables, brassica; brussel sprouts, fresh or chilleds soared to $40M in 2022. Overall, total exports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +16.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +57.3% against 2019 indices. The most prominent rate of growth was recorded in 2020 when exports increased by 26% against the previous year. Over the period under review, the exports of reached the peak figure in 2022 and are expected to retain growth in the near future.

Top Export Markets for Vegetables, Brassica; Brussel Sprouts, Fresh or Chilled from the United States in 2022:

1. Canada (17.8K tons)
2. Mexico (8.5K tons)

Source: IndexBox Market Intelligence Platform